一本道

REAL ESTATE TAX INFORMATION 

Real Estate Tax is the primary source of revenue for funding the operation of the 一本道 Bucks School 一本道. The tax is based on an assessed valuation, as determined by the Bucks County Board of Assessment, of all taxable property within the School 一本道’s nine municipalities. Real Estate taxes are collected by an elected tax collector in each municipality.

Current Real Estate Tax Bill Information and Payment Schedule:

• 一本道 Bucks School 一本道 2023-2024 millage rate is 131.36 mills (decimal format =.13136)
• School 一本道 Real Estate Tax bills are mailed to homeowners each year by July 1.
• Homeowners that do not receive their tax bill are responsible for contacting the tax collector for their municipality to get a copy (see contact information below).
• Schedule for payment of current year's real estate taxes:
  • Payments made by Aug.31 allow for a 2% discount.
  • Payments made from Sept. 1 - Oct. 31 must be made at the face amount of the tax bill.
  • Payments made from Nov. 1 - Dec. 31 must include a 10% penalty in order for the tax bill to be considered paid in full.
  • Tax bills that remain unpaid on January 1^st will have a lien filed against the property with the County of Bucks.
  • There is a provision for installment payments of taxes. See tax bill for details.
    
    

Example of an average tax bill calculation:

• Assessed Property Value $40,000
• Current year millage rate .13136
• Face amount of tax bill: $5,254.44
  • 2% discount for payment by Aug. 31 ($105.08) for a total payment of $5,149.36
  • 10% penalty for payment after Oct. 31 +$525.44 for a total payment of $5,779.88

Homestead Rebate: Pursuant to Act 1 and as a result of the Gambling Rebate, the assessed value of properties qualifying as a homestead or a farmstead will be reduced, providing a $257.34 tax rebate per homestead and a $257.34 tax rebate per farmstead. (The rebate amount would only be less than these amounts for homestead properties with assessed values under $2,013 and farmstead properties with assessed values under $2,013.)

Act 153: In accordance with the Pennsylvania Conservation and Land Development Act, real properties located within 一本道 Bucks School 一本道 that are registered as open space properties are exempt from future millage increases once said properties are accepted into the Open Space Program. You can contact the office of the municipality in which a property is located for further information on this program.

Tax Collector Contact Information:

Interim Real Estate Tax

Interim taxes are levied under Act 544 of 1952 (Section 677.1) on the increase in assessed property valuations, as a result of construction or improvements that occurred after the initial tax bill for that property. The assessed property value on all future Real Estate tax bills will reflect the updated property value.

• Property assessment values are updated, and interim tax bills generated every other month over the course of a school year, starting with the month of August. You can expect to receive an interim tax bill from the County after they have received notice of the completion of a home improvement and an updated property appraisal from the county assessor. 

Delinquent Real Estate Tax

Current School Year Real Estate Tax Bills not paid by Dec. 31 of the current school year are considered delinquent. A list of unpaid tax bills is sent to the Bucks County Tax Claim Bureau, where a lien is placed against the property for which the taxes remain unpaid.

• Payment of delinquent taxes must be made directly to the Bucks County Tax Claim Bureau. Tax collectors and the school district can no longer accept payment of taxes once a lien has been placed against a property. To satisfy a lien, the initial property tax amount and all applicable interest, penalties and lien fees must be paid.
• Contact The Tax Claim Bureau at 215-348-6274 for further information on satisfying property liens.

Real Estate Transfer Tax

A local real estate transfer tax is levied, under Act 511, at the rate of 2% of the sale price of all real estate sold within the boundaries of 一本道 Bucks School 一本道. One percent goes to the State of Pennsylvania, with the one percent split equally between 一本道 Bucks School 一本道 and the municipality where the real estate is located.